KGN 1.15% $5.15 kogan.com ltd

Strong break up through an ascending triangle which is bullish,...

  1. 3,286 Posts.
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    Strong break up through an ascending triangle which is bullish, so momentum traders are piling on.
    Sellers have dried up, very few shorts recently.
    Was also a positive KGN story in The Australian yesterday (by Kirby).
    Both revenue % growth and gross margin % are increasing, so earnings should be accerlating squared!
    Prices for products are coming down therefore attracts more buyers.
 
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